Industry-wide retail sales in August and September will fall in the wake of hurricanes Harvey and Irma, with apparel retailers such as Gap Inc expected to take a longer-term hit than restaurant operators.

Kith Treats opens in Tokyo, marking the first global location to open for the New York City-based brand's cereal bar and cafe concept. Kith operates three additional Treats locations in Manhattan, Brooklyn and Miami.

J.C. Penney Co Inc's stock hit a life-low as major store closures and a challenging retail scene drove the embattled department store chain to a bigger-than-expected quarterly loss and took a toll on comparable sales.